Economy

The Chancellor has confirmed that the pension lifetime allowance (LTA) will stay at its current level of £1.073m until 2026. This announcement came, as Rishi Sunak confirmed that a number of tax...

The decision by the Chancellor to extend furlough pay until September is good news for workplace pension and will help protect people’s longer-term savings. The pension industry has welcomed this decision, which...

Businesses in the Eurozone face negative interest rates in 10 European markets, according to the latest data from Raisin.  Raisin, which provides a marketplace for those looking to source the best bank...

Auto-enrolment rates remain resilient, despite the financial effects of the pandemic and most recent rise in contributions rates.  This was the conclusion of Nest’s latest insight report, whose survey sample includes around...

The funding situation of DB pension in the UK continues to improve despite the challenging economic backdrop. The latest Mercer’s Pensions Risk Survey found the accounting deficit of DB schemes in the...

The Resolution Foundation has called for a the creation of a ‘living pension’ to help savers understand what they need for an adequate standard of living in retirement. The concept is modelled...

Hymans Robertson has announced ambitious new targets to reduce carbon emissions and ensure the company is net carbon zero from 2021. The pensions consultancy firm also announced a five year pledge: to...

HRH The Prince of Wales has joined forces with HSBC, Lombard Odier and Mirova to form a new Natural Capital Investment Alliance, under his Sustainable Markets Initiative.  This aims to accelerate the...

The Government has announced a major expansion of its dormant assets scheme in a bid to boost economic recovery as a result of the coronavirus pandemic.  This expansion will help communities unlock...

Hymans Robertson predicts it will be another “jam-packed” year for the DC pensions market, with a renewed focus on responsible investment and ESG strategies.  Head of DC consulting Mark Jaffray says: “In...